Double Close FAQ Arizona Your Questions, Answered

A double close is when you purchase a property from the original seller (A-to-B) and immediately sell it to your end buyer (B-to-C) on the same day. Two separate transactions, two separate settlement statements, both closing back-to-back at the same title company. Your wholesale profit never appears on either side's HUD.

Yes — completely legal. Double closing is a standard and widely practiced real estate transaction in Arizona, governed by the Arizona Department of Real Estate (ADRE). When executed correctly with proper funding, written escrow instructions, and a licensed title company, it is fully compliant with Arizona real estate law. Thousands of double closes happen across Arizona every year.

Use a double close when your spread is large and you want it private, when the seller's contract does not allow assignment, when you are dealing with REO/HUD/probate properties, or when your end buyer wants a clean title chain. An assignment is simpler when the spread is small and the contract allows it — but assignments are not allowed on most bank-owned or government properties.

Yes — for transactional funding, both closings must happen on the same business day. A-B closes first, funded by us. B-C closes immediately after from your end buyer's proceeds, which repay our funding the same day. This is the nature of same-day transactional funding.

Yes. We fund double closes on all property types — residential single-family, multi-family, commercial, apartments, and land, including REO, HUD, and probate properties. Commercial and multi-family deals typically have longer timelines due to additional due diligence, but the A-B/B-C structure is the same.

No. Transactional funding covers the A-B purchase price. You do not need your own cash — only executed contracts and a ready end buyer. Our fee is deducted from your B-C closing proceeds at closing, not paid upfront.

No credit check and no personal guarantee. Our funding is non-recourse — we are repaid only from B-C closing proceeds. Your credit score does not factor into our approval.

If A-B has not yet funded, the deal does not proceed and no wire goes out — funds stay in escrow or are returned per written escrow instructions. If A-B has already funded and the closing extends, a daily carry fee applies because our capital is deployed. This is why verifying your end buyer's funds before closing day is critical.

Our published rate schedule covers deals up to $1.5M per file. For deals above $1.5M, contact us at deals@phoenixdoubleclose.com — we review every deal and can often structure custom pricing for larger files.

Same day when your complete package is ready. The funding clock starts after title verifies both contracts, preliminary settlement statements with our fee, and wiring instructions within bank cutoff times — not from when you submit to us. The timeline is set by your title company, typically 7–14 days from opening escrow.

A free generic Arizona POF letter that signals your funding capacity and process. It is not a commitment to lend, is non-transferable, and is valid for 30 days. You can request one at /Proof-of-fund.

Yes — completely free. No obligation, no commitment. POF letters are issued one per active deal, tied to a specific property and buying entity — not a blank letter for unlimited offers.

Valid for 30 days and can be refreshed if needed. Each deal should have its own POF — the letter is deal-specific and non-transferable.

Optional for a cash buyer, but required if your end buyer is using a lender. Lender pre-approval or proof of funds confirmation is needed before we can verify funds for disbursement.

Yes — your title company must be experienced with double-close transactions and willing to handle back-to-back closings on the same day. Most Arizona title companies understand this structure. If you need a recommendation, our preferred partner for Phoenix metro is Shield Title & Escrow — call (602) 848-2560 or email Info@ShieldTitleAZ.com.

Yes, but it adds cost and complexity. Using one title company for both closings is simpler, faster, and less expensive. If two separate escrow files are needed, an additional coordination fee applies — see our fee schedule for details.

Typically 7–14 days from when both contracts are submitted and escrow is opened. Title needs time to run a title search, obtain payoff statements, prepare settlement statements, and schedule the notary. Submit your contracts as early as possible.